So if your monthly income remains the same, ask a family office directly, lol
Joking aside, look for an advisor.
You will very quickly find yourself in an area where you can (and should) diversify much more than just on the capital market.
Real estate, commodities, ETFs, money market investments, bonds (high risk stuff like crypto is actually mega unnecessary with an annual sum of 1 million, but you can of course do as you like).
So for your current cash, maybe something like 60% world ETF allocation, 20% stocks, 10% bonds and 10% crypto is ok, but from 250k and more you should at least think about real estate and at least with tax advice. So I would only postpone the topic now if you want to do everything yourself with these sums.
Checking against is always good, but why stress if you already earn the money.
(I'm not talking about a bank advisor!)
https://www.youtube.com/watch?v=PyA3IpbVz_s
Joking aside, look for an advisor.
You will very quickly find yourself in an area where you can (and should) diversify much more than just on the capital market.
Real estate, commodities, ETFs, money market investments, bonds (high risk stuff like crypto is actually mega unnecessary with an annual sum of 1 million, but you can of course do as you like).
So for your current cash, maybe something like 60% world ETF allocation, 20% stocks, 10% bonds and 10% crypto is ok, but from 250k and more you should at least think about real estate and at least with tax advice. So I would only postpone the topic now if you want to do everything yourself with these sums.
Checking against is always good, but why stress if you already earn the money.
(I'm not talking about a bank advisor!)
https://www.youtube.com/watch?v=PyA3IpbVz_s
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@leveragegrinding I think diversifying like this is over the top. At that age, he doesn't need bonds unless you have limited corridors. GmbHs are just about worthwhile with a million (also possible below that but annoying). A VVGmbH would be more interesting in some cases, but is also much more limited. Fee-based advisors are fine, but they are usually not really helpful either, at least not in the savings phase. I would rather go to money management or cash flow management. A simple ETF in a savings plan, money market and, in the event of drawdown fears, bonds and gold are perfectly fine. 75 ETFs, 5 real estate, 10 bonds and 10 gold are already very conservative.
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•@topicswithhead Here is an example, although of course you always have to design it differently for everyone. https://getqu.in/zAkL0w/ . This was a test GMBH template and has now been self-supporting for a year.
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•@leveragegrinding Thank you for the comment!
I've read about the consultant several times now and I've really NEVER dealt with this before. Some say it makes sense, others say "the consultants don't do much anyway" so I'm still very unsure what to do with this new information and will definitely look into it further. Thanks in any case for the suggestions and LG
I've read about the consultant several times now and I've really NEVER dealt with this before. Some say it makes sense, others say "the consultants don't do much anyway" so I'm still very unsure what to do with this new information and will definitely look into it further. Thanks in any case for the suggestions and LG
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@topicswithhead So let's be serious.
He makes 1 million a year. If he now spends 4 years on it, he has easily saved up 2 million.
He has to build up and maintain his assets like the richest 1% do, not like we do here. The rich user with 70 is more likely to be at 2 million here, as he is under 30
By the time he's 70, he could have 2-3 million figures.
Why not deal with the right capital structure now? Do you seriously think that 4 ETFs are the right solution?
Sorry, but I'm slightly stunned.
He makes 1 million a year. If he now spends 4 years on it, he has easily saved up 2 million.
He has to build up and maintain his assets like the richest 1% do, not like we do here. The rich user with 70 is more likely to be at 2 million here, as he is under 30
By the time he's 70, he could have 2-3 million figures.
Why not deal with the right capital structure now? Do you seriously think that 4 ETFs are the right solution?
Sorry, but I'm slightly stunned.
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@zjusl If you are honestly making these amounts then you have to find ways to make contacts. I'm not rich myself, so I don't know, but I can join a golf club or something else.
You'll need professional help with real estate anyway.
You'll need professional help with real estate anyway.
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•@leveragegrinding First of all, there are several people here who are millionaires. They also have 2 properties, a 500k deposit and overnight money. That's not so unusual if you have a property or were in the capital market early enough. Subjectively speaking, 1 million or 2 million is of course a lot, but objectively speaking it is simply nothing on the capital market, so you don't have to change strategy. Just because nan has money, the same principles still apply, just more broadly. It makes perfect sense to focus on growth with cash flow at his age, because he can simply put off the years.
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•@topicswithhead be stunned is just right. Doesn't mean that he shouldn't diversify or perhaps consider PE, but the strategy is not hollow. I manage my family's money, some of them are millionaires with the company and real estate, and PE or gold hardly makes sense. Everyone is different and for many it makes little sense to build large structures. There is a reason why CAPM and co usually prevail. It is also easy to forget how many people follow a simple ETF strategy.
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@topicswithhead Camp does not speak against real estate.
Your US and dollar dependency alone with the proposed portfolio is really not hedged.
Your US and dollar dependency alone with the proposed portfolio is really not hedged.
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@topicswithhead We've been talking at cross purposes here, I also said that there are people here with 2 million, but not that young.
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@leveragegrinding he doesn't need dollar hedging with a life horizon of 50+ years and precisely because he is so young he can do without a lot. Dollar hedging is only worthwhile under certain circumstances and makes little sense if 50+% of your portfolio is traded in dollars. Of course he can do a lot, for example minimize drawdown risk, maximize sharp ratio and co, but for most other things you need a lot more capital. In the case of the GmbH, there are tax consultants, notary costs, reporting obligations, etc. and other taxes. Of course, if he is approaching 5 million in the foreseeable future and even now, I would do the math, but people often underestimate the costs and the effort involved for no more return. Privately held ETFs don't cause any work, are tax-automatic and also very diversifiable. With the volume, he can also save in US ETFs and has countless more choices than the average guy. 1 million in ETFs is also no risk with a well-diversified portfolio and with the 2 million he can think about buying an apartment or a house with a real estate agent. There are many young millionaires who don't do it any differently, so why should the philosophy of investing change? Everything above that is just tax optimization and up to 1 million I would say purely there, from the 1 million deposit value you can consider whether to start tax optimization. His portfolio value is "only" 130 k and the rest only comes in after that.
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